Bank of Japan set for unlimited money printing. What could possibly go wrong?
Sadly, when, as the first observer, I recommended the Bank of Japan "switch on the presses" in 1995 (Asian Wall Street Journal) they wouldn't listen. Last time I met Mr Kurodahttps://t.co/I8GAUPqclS
— Richard Werner (@scientificecon) April 27, 2020
Japan, the poster child of QE insanity, never addressed it's structural and competitive problems for decades, chose instead to just keep going into debt. Now it's taking deficits of 4-5%xGDP just to pretend to grow GDP by fractions of 1%. Yen carry trade sends moral hazd abroad🤦‍♀️ pic.twitter.com/ZleAtNiPTI
— M/I_Investments (@MI_Investments) April 27, 2020
Central Banks new mandate:
Buy everything in unlimited amounts, forever.
Dont think about the consequences.
— Sebastian Sienkiewicz (@Amdalleq) April 27, 2020